JPY/BTC: what to know
The JPY/BTC rate shows how much BTC you get for 1 JPY. Right now, 1 JPY buys 0.000000 BTC at the mid-market rate. In the other direction, 1 BTC is worth 10,706,575.59 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while BTC responds to crypto-market sentiment and liquidity.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The supply is capped at 21 million coins.
Over the past 12 months the JPY/BTC rate has ranged between 0.000000 and 0.000000 — a change of +63.16% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.